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Jun 30, 2024
Airbnb Q2 2024 Earnings Report
Estimated Revenue:$2.71B
+10.5% YoY
Estimated EPS:$0.897
100.0% YoY
Key Takeaways
Airbnb's Q2 2024 demonstrated strong financial performance with revenue increasing by 11% year-over-year to $2.75 billion. Net income reached $555 million, representing a 20% net income margin. The company generated $1.0 billion in free cash flow. Nights and Experiences Booked increased by 9% year-over-year, reaching 125.1 million.
Revenue increased 11% year-over-year to $2.75 billion, driven by growth in nights and experiences booked.
Net income was $555 million, representing a 20% net income margin.
Free cash flow was $1.0 billion, up 16% year-over-year.
Nights and Experiences Booked increased 9% year-over-year to 125.1 million.
Revenue by Geographic Location
Forward Guidance
For Q3 2024, Airbnb expects revenue between $3.67 billion and $3.73 billion, representing year-over-year growth of 8% to 10%. Adjusted EBITDA is expected to approximate Q3 2023, with a slightly lower Adjusted EBITDA Margin. Full-year 2024 Adjusted EBITDA is expected to grow on a nominal basis with a margin of at least 35%.
Positive Outlook
- Revenue is expected to be between $3.67 billion and $3.73 billion, representing 8% to 10% year-over-year growth.
- Implied take rate is anticipated to be higher year-over-year due to booking timing and cross-currency transaction fees.
- Latin America and Asia Pacific are expected to continue as the fastest-growing regions.
- ADR is expected to increase modestly on a year-over-year basis.
- Full-year Adjusted EBITDA is expected to grow on a nominal basis with a margin of at least 35%.
Challenges Ahead
- A modest foreign exchange headwind is expected.
- Sequential moderation in the year-over-year growth of Nights and Experiences Booked is anticipated relative to Q2 2024.
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